Bank of America Merrill Lynch revised its housing forecast upward due to a better alignment of supply and demand, and now predicts the S&P/Case-Shiller Index will increase by 5% in the fourth quarter over 4Q 2011. That translates into an average price gain of 2.1%...
How have home prices fared during the last administration? Here are the Top 10 cities (and the only cities) with an increase in their Case-Shiller Index between January, 2009, and August, 2012: City/Area % chg in CSI since 1/2009 San Francisco +14.4% Washington D.C....
The August seasonally-adjusted San Diego Case-Shiller Index rose 1.9% year-over-year, and +0.6% month-over-month - which is the biggest M-O-M increase of the year, and continues the winning streak of 2012. The SD seasonally-adjusted Case-Shiller Index has risen seven...
The San Diego seasonally-adjusted Case-Shiller Index for July, 2012, showed it's first year-over-year increase in 19 months. The 154.21 reading was 0.8% higher than July, 2011, and 0.1% higher month-over-month. It is still 5.7% lower than the most-recent high from...
From the S&P Dow Jones press release: “The National Composite rose by 6.9% in the second quarter alone, and is up 1.2% from the same quarter of 2011. The 10- and 20-City Composites closely mimic these results; the 10-City was up 5.8% over the quarter and the...
San Diego's Case-Shiller Index just barely continued its positive (but very thin) winning streak, rising for the fourth month in a row - though still lower than it was a year ago: Month Seas-Adj. Chg. Non-SA Chg. May 12 153.54 153.06 Apr 12 153.14 +0.3% 151.75 +0.8%...
From HW: Home prices have found their floor for the most part and are even trending upward in certain markets, said Paul Diggle, property economist for Capital Economics. Diggle said seasonal adjustments along with a high level of distressed home sales could be giving...
From Bloomberg.com: NEW YORK -- Home prices are beginning to rise after a six-year slump in cities from San Francisco and Seattle to Miami with jobs and lifestyles that appeal to younger and affluent buyers. “A number of the cities that have done the best have been...
San Diego's Case-Shiller Index numbers were up in April, the fourth month in a row: Month SA Non-SA Apr 09 145.80 144.43 Apr 10 162.91 161.39 Apr 11 155.93 154.50 This Year Below Jan 12 150.60 148.74 Feb 12 151.47 149.07 Mar 12 152.09 149.68 Apr 12 153.14 151.75 From...
Reader JRB left this comment: Jim – with inventory this tight and plenty of buyers, wouldn’t you expect prices to start going up? Do you think more stringent appraisals are keeping a lid on prices? The other day I said that I thought the pricing trend for detached...
